Japan’s electronics sector warns of dire outlook


TOKYO: Warnings from Panasonic and Sharp that they will post a combined annual loss of more than US$15bil has reignited fears about the increasingly dire outlook for Japan's once-mighty electronics giants.

Only PlayStation maker Sony offered a glimmer of hope for the hard-hit sector, saying yesterday that it shrank its first half net loss while keeping its pledge to turn an annual profit, after four years in the red.

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